South African construction group Murray & Roberts (M&R) on Tuesday said its results for the six months ended December 31, were likely to show an improvement on that of the first half of the prior financial year.
Headline earnings per share (HEPS) from continuing operations would be between 76c and 86c – between 31% and 48% higher than the HEPS of 58c for the six months to December 2013.
HEPS from continuing and discontinued operations would be between 83c and 93c, compared with 88c in the prior comparable period.
M&R’s earnings per share (EPS) from continuing operations were likely to be between 77c and 87c for the six months to December, an increase of between 31% and 47% on EPS of 59c in the prior comparable period.
EPS from continuing and discontinued operations would be between 47% and 53% lower, at between 84c and 94c, than the EPS of 178c recorded in the six months to December 2013.
The group noted that its earnings from continuing and discontinued operations for the six months to December 2013 had included a R388-million after-tax profit on the sale of discontinued operations, as well as a R98-million trading profit from discontinued operations.
M&R would publish its interim financial results on February 25.